Cognizant Technology Solutions Corp. [NASDAQ: CTSH] loss -0.72% on the last trading session, reaching $76.76 price per share at the time.
If compared to the average trading volume of 3.76M shares, CTSH reached a trading volume of 2773530 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Cognizant Technology Solutions Corp. [CTSH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTSH shares is $80.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTSH stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Cognizant Technology Solutions Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 28, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $73 to $75. The new note on the price target was released on August 07, 2024, representing the official price target for Cognizant Technology Solutions Corp. stock. Previously, the target price had yet another raise to $72, while Goldman analysts kept a Neutral rating on CTSH stock. On April 01, 2024, analysts decreased their price target for CTSH shares from 87 to 80.
The Average True Range (ATR) for Cognizant Technology Solutions Corp. is set at 1.21, with the Price to Sales ratio for CTSH stock in the period of the last 12 months amounting to 1.97. The Price to Book ratio for the last quarter was 2.74, with the Price to Cash per share for the same quarter was set at 4.45. Price to Free Cash Flow for CTSH in the course of the last twelve months was 23.59 with Quick ratio for the last quarter at 2.46.
Trading performance analysis for CTSH stock
Cognizant Technology Solutions Corp. [CTSH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.14. With this latest performance, CTSH shares gained by 5.66% in over the last four-week period, additionally plugging by 0.09% over the last 6 months – not to mention a rise of 8.16% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTSH stock in for the last two-week period is set at 57.43, with the RSI for the last a single of trading hit 55.07, and the three-weeks RSI is set at 58.08 for Cognizant Technology Solutions Corp. [CTSH]. The present Moving Average for the last 50 days of trading for this stock 73.48, while it was recorded at 77.15 for the last single week of trading, and 72.52 for the last 200 days.
Cognizant Technology Solutions Corp. [CTSH]: A deeper dive into fundamental analysis
Cognizant Technology Solutions Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.46 and a Current Ratio set at 2.46.
Cognizant Technology Solutions Corp. [CTSH]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cognizant Technology Solutions Corp. go to 6.12%.
An analysis of Institutional ownership at Cognizant Technology Solutions Corp. [CTSH]
There are presently around $101.68%, or 101.84%% of CTSH stock, in the hands of institutional investors. The top three institutional holders of CTSH stocks are: VANGUARD GROUP INC with ownership of 58.17 million shares, which is approximately 11.7043%. BLACKROCK INC., holding 53.01 million shares of the stock with an approximate value of $$3.6 billion in CTSH stocks shares; and BLACKROCK INC., currently with $$1.64 billion in CTSH stock with ownership which is approximately 4.8528%.
